Sec. 2. As used in this chapter, "qualified nonresident veteran" means an individual who meets the following conditions:
(1) Resides in a state that borders Indiana.
(2) Served in the armed forces of the United States or the Indiana National Guard.
(3) Received an honorable discharge.
(4) Receives financial benefits or financial resources under the Servicemen's Readjustment Act of 1944, as amended.